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RealPage barred from using real-time data to set rents under new DOJ settlement

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Instead, the only nonpublic data that RealPage can use to train its software’s algorithm must be at least one year old. Landlords could no longer rely on rent-pricing software to quietly track each other’s moves and push rents higher using confidential data, under a settlement between RealPage Inc. and federal prosecutors to end what critics said was illegal “algorithmic collusion.”